Defendant

A shall be punished by a fine for negligence of KRW 5,000,000, and by a fine of KRW 5,000,000, respectively.

The Defendants respectively.

Punishment of the crime

1. Defendant B purchased real estate from a relative with C to sell it again to a third party and made a joint investment contract to settle the investment and profit by selling it again, and the Defendant and C are in a partnership relationship under the Civil Act.

On June 2, 201, the Defendant and C entered into a contract with H, I, and J to jointly purchase the land in Sejong City E, F, and G 3 (hereinafter “each of the instant lands”) from D real estate located at Sejong City around June 2, 201, with the purchase price of KRW 2.85 million, which is the former owner, and paid in full, each of the instant lands belongs to the unity of the Defendant and C, and thus, the registration of joint ownership is required.

Nevertheless, the Defendant agreed to trust the ownership of the land in the name of Sejong-si K (hereinafter “instant land”) to one of the joint voters of each of the instant land, and accordingly, entrusted the ownership transfer under the name of C on November 14, 201, by completing the registration under the name of C on November 14, 201.

2. Defendant A, a representative director of M Co., Ltd., was the Defendant, and the Defendant purchased real estate with N and P & PO and sold it again to a third party, and entered into a joint investment agreement to settle investment and profit by selling it to the third party, and invested each money, the Defendant, N and P are in partnership relations under the Civil Act.

On October 4, 2013, the Defendant: (a) purchased money from N and P; (b) concluded a contract to jointly purchase the pertinent land from S Co., Ltd. located in R & P, the former owner of the pertinent land, with the purchase price of KRW 2 billion; (c) paid the down payment and intermediate payment of KRW 140 million; and (d) later, P and Q had P withdraw from the said contractual relationship; and (c) the Defendant paid the remainder of the purchase price in full jointly with N andO on November 23, 2015, with the remainder of the purchase price.